| We Provide Financing For: |
- Land & Building Acquisition
- Building Expansion
- Machinery & Equipment
- Building Construction
- Renovation & Modernization
|
| Typical Loan Structure: |
- 50% = First Mortgage from Private Sector Lender
- 40% = Second Mortgage from Utah CDC
(Guaranteed by the Small Business Administration)
- 10% = Down Payment from Small Business
|
| Maximum Loan Amount: |
- Utah CDC Portion = $2,000,000
- Utah CDC Portion for Qualifying Small Manufacturing Facilities =
$4,000,000
- Private Lender Portion = Unlimited
|
| Loan Term: |
|
| Rate of Interest: |
- Near Long-Term Treasury Bond Rates
|
| Collateral Required: |
- Second Mortgage, or lien on assets purchased with loan proceeds.
|
| Advantages: |
- Long Term
- Lower Than Market Fixed Interest Rates
- Low Down Payment
|
| Eligibility Requirements: |
- Business must be a for-profit Corporation (Inc., L.L.C., P.C.),
Partnership, or Proprietorship
- Net worth of the business must not exceed $7,000,000
- Average net profit after taxes must not exceed $2,500,000 for the
last two years
|
| Ineligible Purposes: |
- Passive Investment Firms
- Unregulated Media Firms
- Gambling
- Real Estate Investment
- Not-for-Profit Corporations
- Finance Related Firms
- Amusement Parks
|
